Corteva Agriscience said it will start selling biotech soybean seeds in Brazil, as it seeks to bolster its presence in the world’s largest producer of the oilseed and tackle German rival Bayer AG .Corteva said its Enlist soybean seeds can resist three weed killers including glyphosate, ammonium glufosinate and the company’s own new formula containing 2,4-D choline salt.
Category: Business
Information regarding the business sector
Minerva Foods acquires I-REC certifications
Minerva Foods, a Brazilian beef exporting company to South America, announced the purchase of over 369,000 renewable energy certificates (I-REC) for 100% of its operations, becoming the first company in the industry to have zero net emissions in scope 2. The company’s units will have certifications that guarantee the use of wind and hydroelectric energy.
Source: Energia Hoje
Neoenergia signs agreement for green hydrogen production in PE
Neoenergia and the Pernambuco State Government signed a Memorandum of Understanding for cooperation and development of a pilot project for green hydrogen production at the Suape Port. The agreement will have a one-year term, which may be extended, and is in line with the strategy of parent company Iberdrola. Currently, Neoenergia has an installed capacity of renewable energies above 80% and expects this share to reach 90% in 2022, according to the conclusion of the projects in progress.
Source: Canal Energia
Judge orders Vale to pay $190 k for each worker killed in Brumadinho
A Labour Court ruling has determined that mining company Vale must pay compensation of 1 million reais ($190 k) for moral damages for each employee killed due to the rupture of a company dam in January 2019 in Brumadinho (MG). The company argued that it has already paid more than 2 billion reais ($385 mm) in civil and labour compensation associated with the disaster, after having signed agreements with more than 1,600 relatives of victims.
Source: Money Times
Embraer’s market cap gains $385mm with possible merger of “flying car” startup
Embraer gained almost R$2 billion ($385 mm) in market cap on Thursday, after confirming the negotiations that may culminate in the merger between its urban air mobility startup, Eve, and the SPAC (Special Purpose Acquisition Company) of the American Zanite Acquisition. The Brazilian aircraft manufacturer, which saw the end of its deal with Boeing in commercial aviation and the Covid-19 pandemic drain its stock market valuation, is now worth R$14.7 billion ($2.8 bn) on B3, the highest level in 24 months.
Source: Valor International
Supermarket sales in April grow 2.7%.
The Brazilian Supermarket Association (Abras) informed that sales in April grew 2.77% over April 2020, in real terms (discounting inflation measured by IPCA/IBGE). Compared to March 2021, the sector showed a drop of 4.82% in real sales. From January to April, there was an expansion of 4.06% over the previous year.
Source: Valor Investe
Gol buys MAP Transportes Aéreos for $5.3 mm
Gol Linhas Aéreas has announced the acquisition of MAP Transportes Aéreos, a domestic airline with regional routes and from Congonhas Airport in São Paulo, for R$28 million ($5.3 mm) in cash and shares. MAP is Brazil’s fifth largest airline, with a fleet of seven 70-seat ATR aircraft operating on routes in the Amazon region from Manaus Airport and in the South and Southeast regions from Congonhas, the country’s largest domestic airport.
Source: UOL Economia
JBS Fund for the Amazon approves first projects to receive $9.6 mm investment
The JBS Fund for the Amazon, established in September 2020, announces the first six projects that together will receive R$50 million in investments ($9.6 mm). The purpose of the fund is to promote actions to conserve and preserve the forest, improve the quality of life of local communities and foster scientific and technological development in the region.
Source: Money Times
Retail sales grow 1.8% in April and the sector eliminates March losses
Retail sales grew 1.8% in April compared to March, according to data released on Tuesday (8) by the Brazilian Institute of Geography and Statistics (IBGE). This is the highest increase for a month of April in 21 years, even amid restrictions still imposed by measures to combat the coronavirus.
Source: G1 Economia
Sugarcane is the source of 19% of the energy consumed in Brazil
A publication by the Energy Research Company (EPE) shows that sugarcane biomass represents 19.1% of the internal energy supply (IOE) or 39.5% of all renewable energy used in Brazil. Separately, sugarcane has already positioned the country as a global reference in clean energies, contributing to a participation above the world average, 13.8% of renewables in the matrix, and developed countries members of the Organization for Economic Cooperation and Development (OECD), 11%.
Source: Portal do Agronegocio
